Ms. Cheryl Brean reports

RBC ROYAL BANK DECREASES PRIME RATE

RBC Royal Bank has decreased its prime rate by 25 basis points to 6.70 per cent from 6.95 per cent, effective July 25, 2024.

About Royal Bank of Canada

RBC is a global financial institution with a purpose-driven, principle-led approach to delivering leading performance. RBC's success comes from the more than 98,000 employees who leverage their imaginations and insights to bring the bank's vision, values and strategy to life so the bank can help its clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, RBC has a diversified business model with a focus on innovation and providing exceptional experiences to its more than 18 million clients in Canada, the United States and 27 other countries.